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There are 3 item(s) tagged with the keyword "economic update".

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1. ACEC Research Institute Q1 2023 Engineering Business Sentiment Study: Industry Optimism Remains High

The ACEC Research Institute released last week the results of its Q1 2023 Engineering Business Sentiment Study. The report showed that optimism within the industry remains extremely high across the board, among all market sectors and within all geographic regions.

The results were unveiled in a webinar hosted by Institute Executive Director Daphne Bryant and Senior Research Consultant Joe Bates, who led the study. Bates pointed to the overall robust health of the industry, which has roared back from a COVID-driven 6.6 percent dip in output in 2020. “We rebounded very nicely in 2021,” said Bates, “and we surpassed the 2019 numbers, so we hit a new record.” The industry further built on those record-setting gains in 2022.

Tags: ACEC Research Institute, economic update
2. Quarterly A/E Revenues Reach $110 Billion in Q2 2022

Total A/E revenues reached a new all-time high in Q2 2022 at nearly $110 billion, as reported by the U.S. Census Bureau on September 8, 2022. If you follow our regular updates, you may recall that A/E revenues just reached an all-time high of $104 billion in Q1 2022.  This is the 8th straight quarter of consecutive growth after dipping in Q2 2020 due to the pandemic induced recession. Engineering services led the A/E firm revenue growth with a 7.3% increase from Q1 to Q2 2022 and architecture services increased by 1.3% from Q1 to Q2 2022.

Tags: economic update
3. ACEC's August Economic Update

Welcome to ACEC’s August economic update. Each month, the ACEC team analyzes the latest industry data and provides insights for the engineering and design industry.


Tags: news, economic update

Displaying: 1 - 3 of 3



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